Press release
Double Acting Hydraulic Cylinders Market to Hold Close to 50% Market Share From 2021-2031
Global hydraulic cylinder sales are set to be valued at over US$ 14 Bn in 2021, with stable long-term projections, according to latest insights by Persistence Market Research. The report estimates the market to expand at around 4.5% CAGR from 2021 to 2031. Growing prominence of industrial and mobile equipment has led to heightened demand for hydraulic cylinders. Rapid technological advancements are also projected to complement market growth over the coming years.To remain 'ahead' of your competitors, request for a Sample@ https://www.persistencemarketresearch.com/samples/4713
Demand for hydraulic cylinders waned in 2020 due to the COVID-19 pandemic. However, demand for mobile industrial equipment is in a recovery mode, which bodes well for the sales of these cylinders in future. Considering the possibility of a stimulus in many countries, the long-term outlook on the market remains positive.
Key Takeaways from Market Study
• Demand for hydraulic cylinders is increasing with rise in industrial and mobile equipment production and sales over the past few years due to increase in investments and expansion of new industries in developing nations.
• Due to the need for mass production, process automation has become a strong trend in the hydraulic cylinder market of late. The market is shifting towards Industry 4.0 norms, leading to the promotion and almost universal adoption of new technologies.
• There is increasing demand from construction and agriculture industries for deployment of modern equipment for various applications.
• Increasing number of players focusing on R&D related to hydraulic cylinders is anticipated to have a significant contribution to market growth over the years to come.
• Double acting hydraulic cylinders to hold over 48% of market share.
• Mobile equipment is projected to hold over 66% overall market share, as an application, by 2031-end.
• The global hydraulic cylinder market witnessed a slump in 2020 due to the COVID-19 pandemic, with a recorded growth of -4.5%.
• The market in India and China is set to surge at around 7% and 6% CAGR, respectively, over the next ten years.
For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/4713
Competitive Landscape
The market is moderately consolidated, with key players accounting for more than half of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in this industry are Bosch Rexroth AG, Actuant Corporation, Eaton Corporation, Parker Hannifin Corp, Caterpillar Inc., Jiangsu Hengli Hydraulic Co., Ltd., HYDAC, Wipro Enterprises Limited, SMC Corporation, and Liebherr Group.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/4713
Read More Trending "PMR Exclusive Article"
• Global Market Study on LED Work Light: https://www.persistencemarketresearch.com/market-research/led-work-lights-market.asp
• Market Study on Gardening Tools: https://www.persistencemarketresearch.com/market-research/gardening-tools-market.asp
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Double Acting Hydraulic Cylinders Market to Hold Close to 50% Market Share From 2021-2031 here
News-ID: 2621103 • Views: …
More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…

Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…

Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…

Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Double
Next double victory for ritterwerk
Next double victory for ritterwerk: serano⁸ becomes test winner in ETM TESTMAGAZIN's all-purpose slicer comparison test - icaro⁵ achieves strong third place
Gröbenzell, June 2025 - ritterwerk GmbH can celebrate its next outstanding double success: In the latest comparison test by the renowned ETM TESTMAGAZIN (issue 06/2025), two all-purpose slicers from ritter were honored. The serano⁸ impressed with a test result of 96.1 % and was deservedly crowned the test winner.…
QuickBooks Multicurrency's double whammy
Brandon, MB- March 15, 2022: Enabling the multi-currency feature has a wealth of benefits
Foreign accounts can be reconciled like banks and credit cards in their native currency, without having to consider the exchange rate. Customers can be invoiced in their native currency, purchase orders can be issued to vendors in their native currency, QuickBooks can also easily calculate the gains or losses on foreign exchange as well as…
LotNova Partners With EasyKnock To Eliminate Double Move, Double Mortgage for Ne …
Chicago, IL – Startup homebuilding platform LotNova announced that they have become the first residential single family homebuilder to partner with EasyKnock, offering homebuyers a seamless solution to sell their current home, lease it back during construction, and move when their new home is complete.
EasyKnock is the first technology-enabled residential sale-leaseback company that helps homeowners sell their home without moving. Their MoveAbility program helps homeowners planning on moving in…
The global economy’s double challenge
It is difficult to think about the weather tomorrow when you are navigating a storm right now. The trouble is that that is the situation that various sectors of the global economy find themselves in. They need to be managing a fast-changing environment while simultaneously looking ahead at which strategic investments are going to help ensure that they either stay at the top of the market if they are already…
Global Double Edges Blade (Double Edge Blades) Market 2019 - Gillette, Edgewell, …
This new report by Eon Market Research, titled “Global Double Edges Blade (Double Edge Blades) Market 2019 Research Report, 2015 – 2025” offers a comprehensive analysis of Double Edges Blade (Double Edge Blades) industry at a global as well as regional and country level. Key facts analyzed in this report include the Double Edges Blade (Double Edge Blades) market size by players, regions, product types and end industries, history data…
Glass Double Pushchairs Market 2019 | Shinybb, Kinderwagon, Wellborn, Micralite, …
Market Research Hub (MRH) has actively included a new research study titled “Global Double Pushchairs Market” Research Report 2019 to its wide online repository. The concerned market is discoursed based on a variety of market influential factors such as drivers, opportunities and restraints. This study tends to inform the readers about the current as well as future market scenarios extending up to the period until forecast period limit; 2025. In…